My outlook on GBPCADMy analysis on GBPCAD, looking to go long after break and retest of that falling wedge.
Gbpcadlong
GBPCAD Trading Plan - 26/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect GBPCAD to go Up after finishing the correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPCAD is exactly moving according my analysis GBPCAD is exactly moving according my previous analysis and beautifully give us almost 300 pips(tagged)
In my opinion buy GBPCAD from dips until main horizontal support valid and now we have two area for buying this pair, mentioned on chart and target is bearish trend line resistance.
Always trade safe and must use stop loss.
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GBPCAD getting bullish here we have a great point to enter in GBPCAD trade for 60 pips target and with1:2 risk and reward ratio
GBPCAD - Bearish price action ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect bearish price action from here as price rejected from bearish order block + institutional big figure 1.64000.
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GBPCAD 4HRSThe price due to fundamentals on friday rallied down to previous low, we expect corrective moves in the price. analysis will be invalaid if the price moves below the highlighted zone.
GBPCAD - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPCAD .
Here we are in a bearish market structure from H1 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
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GBPCAD Trading Plan - 8/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect GBPCAD to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
GBPCAD is at strong support zone.GBPCAD is at strong support zone.
I expect bullish move from here.
Fundamental sport is also with GBP.
If market hold support zone then buy targets mentioned on chart.
Always trade safe and must use stop loss.
If you like this idea kindly appreciate with like button.
BUY [ GBP/CAD] GBPCAD Setup / Analysis
🕐 4hr's Chart
Key Technical / Reason's LONG
———————————
What is our confirmation?
- Breakout trendline and retest
- Resistance Support level
- Pressure zone
- Ascending Pattern
- Descending Pattern
- The pivot zone
- Demand Supply
- Candlestick Patterns
- Orderblocks
GBPCAD - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective on GBPCAD.
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish orderblock.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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GBPCAD Long Opportunity - JANAURY RECAP (BE)Left money on the table - price rejected BE zone and SL triggered at BE.
GBPCAD Idea H1Here is my view for GBPCAD on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPCAD LONGThis is GBPCAD and I expect it to go bullish, why?
1. The support zone at 1.64300 is a four hour support zone
2. I need price to come back to this support zone which supported price as of yesterday to come for a second leg buys.
This is one of the three pairs I've decided to be on till the rest of the year for psychological reasons, and I will try my best to drop daily update about these pairs.
GBPCAD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCAD Breakout Long! GBP-CAD is trading in a local uptrend
And the pair made a rebound from
The horizontal support, then
Broke the falling resistance
So I am bullish biased
And I think that we will see
A retest of the target above
GBPCAD Falling Wedge BreakoutWe can see a breakout of a falling wedge on the daily chart which could signal the end of a pull back.
We can see price is in up trend when we look left. With this being said we will only be looking
for buying opportunities in the direction of the bigger picture trend.
LONG ON GBP/CADPrice has created the perfect break and retest to the upside on this pair.
Here is the play I will be taking.
ENTRY - 1.64550
STOP LOSS - 1.63840
TAKE PROFIT - 1.66302
Going along on GBPCAD !We see price hitting support area 1.62992 so I’ve taken a Long position with take profit at 1.67744 resistance area!
Let me know what y’all think!
Thank you!
My Outlook on GBPCAD Post Powell's speechFrom a technical analysis perspective, the GBPCAD pair has been on an uptrend since September 2022, achieving a high of 1.68449 on 14th December 2022, after the high of February 2022. Since then, the pair has seen a retracement of more than 600 pips, leaving traders uncertain as to whether the corrective move has concluded.
In the short term, the H1 time frame show that the pair is still in a downward trend, but could soon break out of the 200EMA dynamic resistance. My indicators are pointing to a rally up to 1.63430 following Powell's speech, with further gains possible if the pound continues to strengthen.
The medium and long term outlook for the pair will be determined by how the British pound performs against the Canadian dollar. If the pound remains strong, the pair could break above the dynamic resistance, while a weakening pound could push the pair lower. My short term target is 1.63430, with medium and long term targets of 1.64327 - 1.64027 and 1.68482 - 1.68328 respectively. If price fails to break the M15 dynamic resistance, we could expect price to drop to the demand zone of 1.62142 - 1.62324.
